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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: Steady_on who wrote (26538)7/22/2012 5:32:12 PM
From: Joseph B. SchmidtRead Replies (1) of 53574
 
kezzek Sunday, July 22, 2012 5:10:12 PM
Re: Rawnoc post# 191573 Post # of 191578

You might want to read what the SEC says about Reg FD
"Regulation FD (Fair Disclosure) is a new issuer disclosure rule that addresses selective disclosure. The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 8-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public."

You'll note the lack of "it's OK as long as the people it's disclosed to keep it a secret".

Then of course, JBI really stepped in it when THEY disclosed portions of the report.

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